S Africa weighs nationalisation

Ruling party to debate whether mines, banks and land - 80 per cent of which is in white hands - should be state-owned.

25 Jun 2012 16:00 GMT

South Africa's ruling party is meeting this week to decide whether the country's mines, banks and land should be nationalised.

The governing African National Congress accepts that the current policy has failed: With 80 per cent of land still in the hands of whites, the rate of change is just too slow for some who want land, mines and the reserve bank nationalised.